Dáil Éireann Debate, Tuesday - 9 April 2024
321. Deputy Bernard J. Durkan asked the Minister for Finance the total number of prizes won by prize bond holders on a monthly basis in each of the past two years to date; the extent to which ongoing supervision and monitoring of the draws take place; and if he will make a statement on the matter. [15409/24]
View answerIn response to the Deputy's question the NTMA have supplied me with the attached table setting out the total number of prizes won by prize bond holders on a monthly basis in each of the past two years to date. The number of prizes is determined by the interest rate applied to the value of the Prize Bonds outstanding.
The NTMA also informs me that the Prize Bond winners are selected in a computerised draw each week. The numbers are randomly generated by a computer and every draw is observed by an official from the National Treasury Management Agency. The results of every draw are independently analysed to confirm the randomness of the draw.
